Before submitting a draft intend to the Board for approval pursuant to paragraph (h) of the part, a financial institution have to:
The Board evaluates a military bank pursuant to the applicable general performance exams explained in paragraph (a) of the area.
In each applicable Retail Lending Exam Location, the Board evaluates originated and procured loans in Each and every of the subsequent solution traces That may be a key product line, as described in paragraph (d)(two) of this part:
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suggests a loan to a number of folks for residence, relatives, or other private expenditures and that is without doubt one of the subsequent sorts of loans:
The Board may possibly change a little financial institution score from “Satisfactory” to “Remarkable” within the establishment stage wherever the financial institution requests and receives extra consideration for activities that will qualify pursuant on the Retail Solutions and Solutions Examination in § 228.
The Board evaluates a sizable bank's history of assisting to meet up with the credit rating requirements of its entire community in its exterior retail lending region pursuant to § 228.
In a facility-centered assessment area or exterior retail lending location, an item line is A serious item line if the financial institution's loans in that solution line comprise fifteen % or maybe more in the lender's loans across the entire bank's products lines in the ability-centered assessment space or outdoors retail lending space, as established pursuant to paragraph II.b.one of appendix A to this aspect.
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For car loans, the Board compares a financial institution's geographic and borrower distributions to your relevant Local community benchmarks, as delivered in paragraph (file) of the part and part VI of appendix A to this section.
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(six) A lender's shut-conclusion home mortgage lending, little company lending, smaller farm lending, or auto lending in distressed or underserved nonmetropolitan middle-revenue census tracts where by a financial institution's nonmetropolitan facility-based mostly evaluation place or nonmetropolitan retail lending evaluation area consists of very few or no small- and reasonable-income census tracts; and
(2) A retail lending assessment spot might not prolong outside of a Condition boundary Until the retail lending evaluation place is made of counties inside of a multistate MSA.
(5) Info and data supplied by the financial institution regarding the financial institution's organization tactic and products choices;